Teamsters Local 445 v. Dynex Capital
Published on:
January 17, 2007
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals (Second Circuit)
Press Release:– 6/26/08
Amicus Issue: Whether plaintiffs bringing claims for securities fraud may allege scienter on the part of a corporate defendant (corporate/collective scienter) without pleading scienter against any particular employee, where management made public statements contradicted by facts known only to lower-level employees.
Counsel of Record:
Sidley Austin LLP
1501 K Street, NW
Washington, DC 20005
Carter G. Phillips
Richard D. Bernstein
Sidley Austin LLP
787 Seventh Avenue
New York, NY 10019
A. Robert Pietrzak
Daniel A. McLaughlin
Other Amici on SIFMA’s Brief:
U.S. Chamber of Commerce
The Business Roundtable